Metals industry executives gloomier than peers: PwC survey
Feb 08, 2012 | 04:38 PM
| Jo Isenberg-O’Loughlin
NEW YORK A survey based on interviews with 40 metals business leaders in 20 countries shows executives at the top of the international metals sector are more worried than their counterparts in other market segments about an overall decline in the global economy and decidedly more pessimistic when it comes to the outlook for their own companies.
"As 2012 starts, the outlook is more uncertain than ever, with little prospect of a coordinated turnaround," Jim Forbes, global metals leader for PwC US, commented on the surveys findings. "Metals CEOs are especially worried."
According to the survey, some 58 percent of chief executive officers in the metals industry expect the global economy to decline over the next 12 months, compared with 48 percent of the overall respondents.....
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